3M. Lavoie, Credit. Money: The Dynamic Circuit, Overdraft Economics and Post Keynesian Economics [A]. M. Jarsulic (eds) Money and Macro Policy [C]. Kluwer-Nijhoff Publishing, 1984.
4B. T. McCallum. Monetary Economics: Theorv and Policy [M]. New York, Mscmillan. 1989.
5P. Bofinger. Monetary Policy: Goals, Institutions, Strategies and Instruments [ M]. London:Oxford University Press, 2001.
6P. Bofinger, A. Schachter. Alternative Operating Procedures for Monetary Policy-A New Look at the Money Supply Process [Z]. CEPR Discussion Paper, 1995.
7Magnus Saxegaard:Excess Liquidity and Effectiveness of Monetary Policy: Evidence from Sub-Saharan Africa. IMF, Working Paper, WP/06115.p12.
8Rasmus Rufer and Vivio Stracca: What is global excess liquidity, and does it matter? EBC, Working Paper Series No 696. Nov. 2006, p7.
9Sebastian Becker: Global Liquidity “glut” and Asset Price Inflation, Deutsche Bank Research, May 27,2007, p4.
